Funding you earn now, next payment 04:00 UTC−0.0126%/8h= −13.8% APRnext payment −$0.63 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against BingX−0.047%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1071.072% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.047%, 7d avg −0.036%
=The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POLYX-USDT | 0.04267 | 0.0226 | pay 0.0113% / 4h | 2h 55m | — | $2.3M | — |
| Short | MEXC POLYX_USDT | 0.04265 | 0.0100 | get 0.0050% / 4h | 2h 55m | $329K | $175K | 20x |
BingX POLYX-USDT
MEXC POLYX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.46
- Price spread: −0.047% → −0.036%
- −$1.13
- Slippage, 4 orders
- −$93.24
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$134.84
- Costs to cover
- 1.072%
- Break-even
- never at this rate
Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 60 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BingX live order book, 7 min ago | 11.60 bp | 40.6 bp −$41 | 77.0 bp −$770 | 447.1 bp −$44.7K | 520.5 bp −$260.3K |
| Sell MEXC live order book, 60 min ago | 2.33 bp | 10.8 bp −$11 | 49.3 bp −$493 | 108.4 bp −$10.8K | 225.3 bp −$112.6K |
POLYX on 12 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin POLYX-USDT | +0.0051% | 4h | 0.04278 | +0.258% | $113K | $18K | 50x | as long as short |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04265 | −0.052% | $56K | $76K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04278 | +0.267% | $11K | $15K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04266 | −0.023% | $1.7M | $2.1M | 50x | as long as short |
| Bybit POLYXUSDT | +0.0100% | 4h | 0.04272 | +0.117% | $1.1M | $361K | 13x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04272 | +0.117% | $141K | $34K | 20x | as long as short |
| MEXC POLYX_USDTshort | +0.0100% | 4h | 0.04265 | −0.047% | $329K | $175K | 20x | |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04276 | +0.211% | $313K | $40K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04266 | −0.023% | $460K | $308K | 50x | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04270 | +0.067% | $9K | $1 | — | as long as short |
BloFin POLYX-USDT
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Bybit POLYXUSDT
Gate POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Variational Omni POLYXShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POLYX-USD | +0.0104% | 1h | 0.04265 | −0.048% | $708 | $172K | 5x | as long as short |
| BingX POLYX-USDTlong | +0.0226% | 4h | 0.04267 | long leg | — | $2.3M | — |
Extended POLYX-USD